SCHAFFHAUSEN, Switzerland, March 8, 2012 /PRNewswire via COMTEX/ --Suntech presents modules with improved efficiency at Ecobuild and shows solar energy is still a profitable investment despite projected FIT cuts
Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest producer of solar panels, ramps-up module efficiency. At Ecobuild 2012 Suntech presents the first of a whole series of modules with improved efficiency. Suntech's monocrystalline solar modules STP200S and STP195S - 24/Ad+, which are ideal for the UK residential market, now offer an improved efficiency of 15.7 percent and show how solar power is still a profitable investment even if feed-in tariffs are being shortened.
"Despite the expected feed-in tariff cuts the UK government still adheres to the plan of installing an additional 22GW of solar power until 2020," said Vedat Gürgeli, Vice President Sales and Marketing for Europe. "Even more reason for the industry to work on improved efficiency to make sure solar energy continues to be an attractive energy resource - not only to support the environment but also as a solid investment. Suntech utilised improved production processes and advanced materials to ram-up module efficiency. With an expected IRR of 8 percent solar is still one of the most attractive investments for home owners."
Suntech's monocyrystalline STP200S and STP195S - 24/Ad+ modules are an ideal choice for the residential sector due to their compact form factor of 62.2 x 31.8 x 1.4 inches (1580 x 808 x 35 mm). The improved module conversion efficiency of up to 15.7 percent ensures an even higher power output for each system owner. The modules also offer an industry leading weak light performance with an efficiency of 95.5 percent at 200/ m² well above the industry standard.
The products also offer Suntech's industry-leading 25-year power output warranty that warrants 6.7% more power than the standard industry warranty. In addition, the panels feature 0/+5% positive power tolerance and have been built to withstand all weather conditions, including 3.800 Pascal wind load and 5.400 Pascal snow loads, well above IEC standard requirements
Meet Suntech at Ecobulid's north hall, booth N4110 from March 20-22 2012.
Suntech Power Holdings Co., Ltd. (NYSE: STP) produces industry-leading solar products for residential, commercial, industrial, and utility applications. With regional headquarters in China, Switzerland, and the United States, and gigawatt-scale manufacturing worldwide, Suntech has delivered more than 20,000,000 photovoltaic panels to over a thousand customers in more than 80 countries. Suntech's pioneering R&D creates customer-centric innovations that are driving solar to grid parity against fossil fuels. Suntech's mission is to provide everyone with reliable access to nature's cleanest and most abundant energy source.
For more information about Suntech's people and products visit http://www.suntech-power.com.
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This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements, and includes that the Asia PV industry will account for approximately one-third of global demand by 2015 and the ability of APVIA to foster best technologies, economies of scale and identification of market opportunities. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in Suntech's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Suntech does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
SOURCE Suntech Power Holdings Co., Ltd